Cleaning Up Disclosure

Cleaning Up Disclosure
Mark Rasch, 2005-04-11

A new federal law requires all U.S. financial institutions to notify their customers when a sensitive database breach has occurred. Newly proposed state laws may go even further.

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Cleaning Up Disclosure 2005-04-11
K. Huyser (1 replies)

"[...]notify any resident of the United States[...]"

So, As a non-resident of the US I'm screwed if and when *my* data is compromised. Companies don't have to notify me, unlike their US clients.

Why not amend the law to take the "resident of the United States" out and everybody in the world wh...

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Cleaning Up Disclosure 2005-04-12
Anonymous

I hear you, that may be sloppy drafting. But, practically, do you think a US company is going to be able to inform all of its US customers WITHOUT you hearing about it???...

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The rise of Massive Class Action Lawsuits 2005-04-12
Anonymous (1 replies)

With all these break-ins where personal information is being stolen, I am waiting for massive class action lawsuits to be filed in which those who have been compromised are found liable.

Because identity theft is on the rise, businesses such as credit card companies and banks have to rethink val...

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The rise of Massive Class Action Lawsuits 2005-04-18
GrimRebuke

Worry not..
Currently the law is being tailored to limit class-action lawsuits. Odds are, individuals will have to single-handedly take on the aresenal of corporate lawyers one at a time using their own resources. In that model, it is not likely anyone will ever win a case significant enough to c...

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Cleaning Up Disclosure 2005-04-15
Anonymous

Hmm, check this piece by Bruce Schneier http://news.com.com/Mitigating+identity+theft/2010-1071_3-56
69408.html

He makes the point that "identity theft" is impersonation in support of fraud, and that the most effective mitigation measure is detecting and preventing fraudulent transactions....

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